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this summer. on the heels of better economic data. tim, give us your scenario. what do you see happen someth? g last year a very volatile period and an unprecedented volatility. what do you see happening this summer? >> he can we're lii think we're continue to see volatility through the presidential election season. but the point wiabout a potenti bounce is that the factor and manufacturing numbers that came out so surprisingly weak this morning may very well have been a defensive moposture on the pot of companies fearing the worst out of europe. and now we may actually see somewhat of an economic bounce later this summer and the market could reflect that. >> goldman sachs preerepeated i call that it's time to short the s&p. there are also a lot of expectations of warnings coming. do you agree or no? >> the fact that the market held up even though items a holiday environment on wall street, market held up relatively well. we saw not only at home, but also abroad. as inin the last hour, this is a central bank summer. everybody will be easing sometime soon and you don't want to short the pefed
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